Catasys Announces 2019 Fourth Quarter Financial & Year-End Financial Results

Catasys, Inc. (Catasys), an AI and telehealth enabled, virtualized outpatient health care treatment company, reported its financial results for the fourth quarter and year ended December 31, 2019. The Company provides big data-based analytics and predictive identification and engagement capabilities to health plans and their members through its OnTrak™ solution on the Catasys PRE™ (Predict-Recommend-Engage) platform.

For the fourth quarter of 2019, revenue was $11.8 million, representing a 109% increase compared to the same period in 2018 and a 33% increase from prior quarter. Operating loss for the fourth quarter of 2019 was $7.0 million . . .